New Condominium Laws: What Condo Commando’s might not want you to know.

For those who currently live in or will move to a condominium (One of the roughly 25,000 units in the tri-county areas), this is for you.
The Condominium Act (Chapter 718 F.S.) has been significantly amended for present and future residents.
Like just about all written statutes, there are pockets of ambiguity and issues that are open [...]

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Downtown Miami

A Steal of a deal!
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
This would be below builders prices. Don’t delay! It would have to be a cash deal!!!! 
  (Only Unit under $300,00)   
                      $215,000

Motivated Seller!
This unit wont be listed in the MLS. Buyer can’t close. Just wants out. [...]

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Downtown Miami’s Condo Deal of a Deal

I know some of you, not all, are sitting on the sidelines
of the real estate game, waiting for the right moment to score on a deal. Right!,
Well, I believe I have one for you.
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
You could have this unit for [...]

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The Spoils of the Real Estate Market

Opportunity Time!!!
Buyers defaulted and developer wants to sell now! This building is finished and sold out.
First come, first serve.
2/2.5 on the water. Yes! on the water. Overlooks the bay and sits on the best line of the building. It has 1,413 Adj.sqft. / 1694 total.
It can be yours for under market price.
                                               Listed for  $ 520,000.
Yes, [...]

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Homeownership Assistance Program

There is  a little not so well known homeownership assistance program in Miami-Dade County called The Metro-Miami Action Plan Trust Homeownership Assistance Program (MMAP HAP) of which I have been officially  knighted if you will, to promote and spread the good news.

This program is in place to increase homeownership opportunities for potential home buyers in Miami-Dade County (Broward county also [...]

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Shelf Life

Ever wonder what the life span of your roof is, or your appliances? wonder no more.

NAHB conducted a study that tries to determine the lifespan of home components.
Read the full story:
http://www.nahb.org/generic.aspx?genericContentID=72539
For professional advise on all aspects of buying or selling real estate, please contact me at-786-287-9272 -email:Richard@RichardRecuset.com
Richard Recuset-Multi-Million Dollar Producer-The Recuset Group

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Check the insurer

The Florida Department of Financial Services’ (FDFS) Division of Agent and Agency Services, Bureau of Investigation, investigates property insurance violations by Florida insurance agents, as well as health, life, auto, workers’ compensation, bail bond and title insurance. “Consumers trust insurance agents to ensure they receive adequate coverage and the services they pay for,” says Florida [...]

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Gables Condo Stats

Coral Gables Condos                Active Listings         Pending         Expired           Sold 
December 2006                                 40                        1                   0                  0
November 2006                                34                         2                   1                  1
October 2006                                     41                         1                   4                  2
September 2006                                34                         2                   5                  3
August 2006                                      42                        4                     6                  6
July 2006                                           19                        4                   19                11
June 2006                                           7                          2                   12                16
                                                             ___________________________________
   Total                                                217                        16                  47              39
                                                                                    
                                                                     Listed             Sold          Days on Market
Highest Price Sold      10 Edgwater Dr. 16A     $2,950,000     $2,800,000             207
  (2006)                                   3,838 Adj.Sqft    ($731 sqft)
In 1999 it sold for $1,536,600  (roughly [...]

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Home ownership in Miami

This is a great site, http://www.nhc.org/chp/p2p (pay check to pay check)-It showes the annual income you need in different metropolitan areas to qualify for a mortgage for a median-priced home and the average salary for your occupation.
In Miami the median price for a home is $273,000. Study shows that an annual income of $93,500 is needed [...]

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Old Spanish Village

After assembling 20 parcels (homes and office buildings), builder Ralph Sanchez is rolling out another mixed use project. The new 400 upscale condos and townhouses are to be ready in 2008 and 2009. 
A seven acre complex of homes, offices and shops in Ponce Circle area. What’s unique about this project is that the 42 three story townhomes [...]

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